Page 1

Column

Weighting and Backtesting

Page 2

Column

Page 3

Column

Actual Portfolio Performance since inception

Page 4

Column

Maximum Drawdowns

Page 5

Column

Rolling 10 Day Beta

Page 6

Column

Rolling 10 Day Correlation

Page 7

Column

Annualized Portfolio Performance

Page 8

Column

Portfolio Top Drawdowns

Page 9

Column

Exposure by Region

Page 10

Column

Top Portfolio Holdings

Page 11

Column

Ulcer Index

Page 12

Column

Value at Risk